Exclusive-Alphabet spinoff Sandbox AQ raises $500 million for cyber security, other work

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Sandbox AQ, a startup spun off from Alphabet Inc last year, said on Tuesday it raised $500 million as it helps customers prepare for a quantum computing future.Former Google Chief Executive Eric Schmidt is the startup's chairman as well as an investor. Other investors include Breyer Capital, T. Rowe Price

Sandbox AQ, a startup spun off from Alphabet Inc last year, said on Tuesday it raised $500 million as it helps customers prepare for a quantum computing future.

Former Google Chief Executive Eric Schmidt is the startup's chairman as well as an investor. Other investors include Breyer Capital, T. Rowe Price funds and Salesforce.com Inc founder Marc Benioff's TIME Ventures.

 

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